Interviews
Although we still feel that it is a good idea for growers to seek further downside protection, we would do so with put options rather than short futures. As we have tried to elaborate in this report, we believe that the market isn’t quite as bearish as generally believed and that the “Chinese cap” is not nearly as potent either, which may expose shorts to some fierce and unexpected short-covering rallies down the road.
Plexus Cotton Limited